Nigeria Agriculture

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As the government turns to the agriculture sector to boost economic growth, there is a greater emphasis on access to credit and financing for the industry. This stems from the awareness that more funds, in terms of both loans and grants, need to be supplied to the sector in order for it to reach its full potential.

 

As Nigeria’s economy contracted in 2016, the country’s agriculture sector took on even more importance. Long touted as a remedy to the West African nation’s dependence on oil, agriculture is now seen as a potential economic saviour. Before hydrocarbons became the main source of economic growth and export revenue, agriculture dominated the...

 

No single crop defines the Nigerian agriculture sector more than cassava. The nation is the world’s largest producer of this root vegetable. Yet despite its proficiency in production, Nigeria has not been able to turn this position into a substantial revenue generator. However, efforts to capitalise on this competitive advantage speak to...

 

As part of the process of improving food security and the profitability of the agriculture industry, the government is turning its attention to stoking not only production but also the consumption of staple crops. The government wants to play to the industry’s key strengths and, as such, is hoping to extract greater benefit from the most...

 

Nigeria has a number of constraints hampering growth in the agricultural sector, ranging from transport networks to access to financing. However, chief among the challenges is limited productivity. The country suffers from sub-par yields, which curb farmers’ profitability and restrict efforts to achieve self-sufficiency in the sector.

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